Lake Forest Graduate School of Management
Encyclopedia
Lake Forest Graduate School of Management is a not-for-profit business school
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...

 located in Lake Forest, Illinois
Lake Forest, Illinois
Lake Forest is an affluent city located in Lake County, Illinois, United States. The city is south of Waukegan along the shore of Lake Michigan, and is a part of the Chicago metropolitan area and the North Shore. Lake Forest was founded around Lake Forest College and was laid out as a town in...

. It opened in 1946 and has satellite campuses in Schaumburg, Illinois
Schaumburg, Illinois
Schaumburg is a city located in Cook County in northeastern Illinois. A common misspelling of the city name is Schaumberg, a spelling which persists on some modern maps. Schaumburg is located just under northwest of downtown Chicago and approximately northwest of O'Hare International Airport. As...

 and Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...

. Until 2004, the school was located near, but unaffiliated with, Lake Forest College
Lake Forest College
Lake Forest College, founded in 1857, is a private liberal arts college in Lake Forest, Illinois. The college has 1,500 students representing 47 states and 78 countries....

. In 2004, the school moved its campus to its present location, near the Tri-State Tollway
Tri-State Tollway
The Tri-State Tollway is a U.S. toll road maintained by the Illinois State Toll Highway Authority in northeastern Illinois which is considered one of the most heavily traveled highways in the country...

.
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